https://www.taxtmi.com/caselaws?id=73543 Gold ornaments could be confiscated only if the Department proved that they were dealt with in contravention of the Gold (Control) Act or the Rules. On the facts recorded, the seizure was not linked to gold shown to be liable for confiscation, and the alleged stock discrepancies were not satisfactorily established. The appellate authority's reasons for accepting the explanation regarding old ornaments were upheld, so the foundation for a personal penalty also failed. The confiscation and penalty were therefore set aside, and the order in favour of the gold dealer was affirmed. en-us Mon, 21 Dec 1987 00:00:00 +0530 Sat, 28 Jan 2012 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73543 Gold ornaments could be confiscated only if the Department proved that they were dealt with in contravention of the Gold (Control) Act or the Rules. On the facts recorded, the seizure was not linked to gold shown to be liable for confiscation, and the alleged stock discrepancies were not satisfactorily established. The appellate authority's reasons for accepting the explanation regarding old ornaments were upheld, so the foundation for a personal penalty also failed. The confiscation and penalty were therefore set aside, and the order in favour of the gold dealer was affirmed. Case-Laws Central Excise Mon, 21 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73543